Brokerages expect The GEO Group Inc (NYSE:GEO) to announce earnings of $0.59 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for The GEO Group’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.51. The GEO Group reported earnings of $0.60 per share in the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 1st.
On average, analysts expect that The GEO Group will report full-year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.68. For the next year, analysts anticipate that the business will report earnings of $2.45 per share, with EPS estimates ranging from $2.12 to $2.77. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow The GEO Group.
The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.13). The business had revenue of $610.70 million during the quarter, compared to the consensus estimate of $601.83 million. The GEO Group had a return on equity of 14.82% and a net margin of 6.34%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share.
Several brokerages recently issued reports on GEO. Zacks Investment Research upgraded shares of The GEO Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine upgraded shares of The GEO Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. TheStreet lowered shares of The GEO Group from a “b-” rating to a “c+” rating in a research note on Tuesday, April 30th. Wells Fargo & Co reiterated a “hold” rating on shares of The GEO Group in a research note on Monday, March 11th. Finally, JPMorgan Chase & Co. lowered shares of The GEO Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $27.00 to $26.00 in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.67.
Institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its holdings in shares of The GEO Group by 29.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 99,411 shares of the real estate investment trust’s stock worth $1,909,000 after buying an additional 22,672 shares during the last quarter. Boston Partners boosted its holdings in shares of The GEO Group by 5.0% in the first quarter. Boston Partners now owns 50,638 shares of the real estate investment trust’s stock worth $972,000 after buying an additional 2,393 shares during the last quarter. Stevens Capital Management LP boosted its holdings in shares of The GEO Group by 190.8% in the first quarter. Stevens Capital Management LP now owns 83,549 shares of the real estate investment trust’s stock worth $1,604,000 after buying an additional 54,818 shares during the last quarter. Honeywell International Inc. raised its stake in The GEO Group by 10.9% during the 1st quarter. Honeywell International Inc. now owns 68,840 shares of the real estate investment trust’s stock worth $1,322,000 after acquiring an additional 6,750 shares during the period. Finally, Texas Permanent School Fund raised its stake in The GEO Group by 2.8% during the 1st quarter. Texas Permanent School Fund now owns 81,968 shares of the real estate investment trust’s stock worth $1,574,000 after acquiring an additional 2,266 shares during the period. Institutional investors own 88.48% of the company’s stock.
Shares of The GEO Group stock opened at $21.17 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $2.54 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.47. The GEO Group has a 1 year low of $18.18 and a 1 year high of $28.06.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.92 annualized dividend and a dividend yield of 9.07%. The GEO Group’s payout ratio is 77.73%.
About The GEO Group
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
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